US interest rates set for lift-off

The first rise in US interest rates for nearly a decade is looming, reports Andrew Van Sickle.

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Janet Yellen: raising the cost of money to control inflation

Markets are abuzz with talk of "lift-off" in US interest rates: the first interest-rate increase in America for nearly a decade is looming. When the global financial crisis broke out, the US Federal Reserve cut its benchmark interest rate to 0%-0.25%. Now, with the economy gathering strength, a small increase in the cost of money, to ensure that inflation doesn't get out of control, looks like a sensible idea, as Fed boss Janet Yellen has signalled.

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Andrew Van Sickle
Editor, MoneyWeek

Andrew is the editor of MoneyWeek magazine. He grew up in Vienna and studied at the University of St Andrews, where he gained a first-class MA in geography & international relations.

After graduating he began to contribute to the foreign page of The Week and soon afterwards joined MoneyWeek at its inception in October 2000. He helped Merryn Somerset Webb establish it as Britain’s best-selling financial magazine, contributing to every section of the publication and specialising in macroeconomics and stockmarkets, before going part-time.

His freelance projects have included a 2009 relaunch of The Pharma Letter, where he covered corporate news and political developments in the German pharmaceuticals market for two years, and a multiyear stint as deputy editor of the Barclays account at Redwood, a marketing agency.

Andrew has been editing MoneyWeek since 2018, and continues to specialise in investment and news in German-speaking countries owing to his fluent command of the language.